Recap: Spectrum Brands Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Spectrum Brands Holdings (NYSE:SPB) reported Q4 earnings with an EPS of $1.36, surpassing the estimate of $1.03 by 32.04%. However, revenue declined by $8.80 million compared to the same period last year. In the previous quarter, a beat on EPS estimates resulted in a 2.97% share price increase the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS estimates.
November 17, 2023 | 11:40 am
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Spectrum Brands Holdings reported a strong Q4 earnings beat with an EPS of $1.36, which was significantly higher than the estimated $1.03. However, the company experienced a decrease in revenue compared to the previous year.
The significant earnings beat is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price, similar to the 2.97% rise after the last earnings beat. However, the decline in revenue may temper some of the investor enthusiasm, hence the importance is not at the maximum level.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100